Credit Suisse Group set a €67.00 ($77.91) price target on Basf (ETR:BAS) in a report released on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the basic materials company’s stock.
BAS has been the topic of a number of other research reports. Morgan Stanley set a $103.00 target price on shares of Nike and gave the stock a buy rating in a report on Friday, June 28th. Deutsche Bank restated a buy rating and issued a GBX 3,400 ($44.43) target price on shares of in a report on Tuesday, July 9th. JPMorgan Chase & Co. upped their target price on shares of from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the stock a neutral rating in a report on Friday, July 5th. Independent Research set a €70.00 ($81.40) target price on shares of Basf and gave the stock a neutral rating in a report on Tuesday, July 2nd. Finally, Kepler Capital Markets restated a hold rating on shares of Continental in a report on Friday, June 28th. Thirteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Basf currently has an average rating of Hold and a consensus target price of €72.40 ($84.19).
BAS opened at €60.22 ($70.02) on Wednesday. The company has a quick ratio of 0.76, a current ratio of 1.84 and a debt-to-equity ratio of 57.58. Basf has a fifty-two week low of €57.35 ($66.69) and a fifty-two week high of €84.91 ($98.73). The firm has a market cap of $55.31 billion and a price-to-earnings ratio of 12.51. The stock has a 50-day simple moving average of €61.45.
BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems, such as isocyanates and polyamides, as well as inorganic basic products and specialties for plastic and plastic processing industries.
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